Atlantic Global Plc: Update on Formal Sale Process

 
TIDMATL 
 
Atlantic Global Plc 
                      ("Atlantic Global" or "the Company") 
 
                         Update on Formal Sale Process 
 
Since the announcement on 29 September 2011 of a Formal Sale Process pursuant to 
Note  2 of Rule  2.6 of the  City Code  on Takeover  and Mergers the Company has 
received  approaches from a number  of parties. Any interested  party who has or 
intends  to approach  the Board  has or  will be  required to  enter into a non- 
disclosure  agreement with the  Company on reasonable  terms satisfactory to the 
Board  and on the same terms, in  all material respects, as the other interested 
parties,  before being permitted to participate  in the process. The Company has 
or  will  then release  an  information  memorandum to all participants who have 
entered  into such non-disclosure  agreements with the  Company. A data room and 
discussions with management are also available to such participants. 
 
The  Board  is  currently  targeting  a  deadline  for receipt of all indicative 
proposals by  21 December  2011 and  a  decision  on whether to proceed with any 
party  will  be  taken  by  the  Board  in  early January  2012. It  is intended 
that subject to receipt of a satisfactory proposal, a preferred bidder will then 
be  selected and given a period  of exclusivity of up  to four weeks to complete 
any additional confirmatory due diligence and documentation. 
 
The Board reserves the right to alter any aspect of the sale process as outlined 
above or to terminate it at any time and in such cases will make an announcement 
as appropriate. The Board reserves the right to reject any approach or terminate 
discussions  with any interested party or participant  at any time. There can be 
no  certainty that any offer will be made  for the Company, or even proposed, or 
as to the level of any proposal or offer that may be made. 
 
                                    - Ends - 
 
 Atlantic Global Plc 
 
 Eugene Blaine, Managing Director    Tel: [phone] 
 Rupert Hutton, Finance Director 
 
 [e-mail] 
 [e-mail]   www.atlantic-global.co.uk 
 
 
Daniel Stewart & Company plc 
 
Paul Shackleton /Noelle Greenaway, Nominated Advisers Tel: [phone] 
 
Martin Lampshire / Sean Lunn, Corporate Broking 
 
 
 ICON Corporate Finance 
 
 Alan Bristow             Tel: [phone] 
 Simon Moynagh 
 
 
 
 
 
 
 
 
 
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Source: Atlantic Global Plc via Thomson Reuters ONE 
 
[HUG#1568354]